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Annual government levy deadline, 30th of June 2019.

May 23, 2019
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2019. The settlement of the annual duty should ONLY...

The rights of the Data Subjects under the GDPR.

May 22, 2019
Introduction. The GDPR strengthens the already existing rights of the Data Subjects under the Data Protection Directive (officially Directive 95/46/EC) and also creates new rights for the Data Subjects. The...

Recent changes in Cyprus company law – December 2018.

May 22, 2019
The Cyprus Companies Law was amended in December 2018 by the House of Representatives (Law 149(I)/2018) . Certain changes came into force at of the date of publication of the...

Debt Collection and Civil Procedure in Cyprus.

May 7, 2019
The legal procedure to recover a debt in Cyprus is regulated by the  Civil Procedure Rules. The Court procedure starts with the filing of the Writ of Summons to the appropriate...

The new AML Directive by the Central Bank and shell companies-February 2019

May 2, 2019
The Central Bank of Cyprus (‘CBC’)  has issued last February 2019  the 5th edition of the Directive on the Prevention of Money Laundering and Terrorist Financing (‘the CBC AML/CFT Directive’) which...

The meaning of “personal data” under the GDPR.

Apr 26, 2019
Introduction. The GDPR applies to the processing of personal data that is wholly or partly by automated means or the processing other than by automated means of personal data which...

What is the “controller”and what is the “processor” under the GDPR.

Apr 24, 2019
Introduction The GDPR imposes to the Controllers new data protection obligations. Further, in a change from previous legislation, processors have new statutory obligations in their own right under the new...

Cyprus has made ‘enormous progress’ on money-laundering clampdown.

Apr 24, 2019
US Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on Friday praised Cyprus’ “enormous progress” on issues relating to anti-money laundering (AML). Billingslea who is visiting Cyprus, met...

What is the GDPR?

Apr 22, 2019
The General Data Protection Regulation (GDPR), is a new set of data privacy laws that require businesses to prioritize the protection and privacy of personal data belonging to European Union...

EU adopts tax haven blacklist. It includes the United Arab Emirates.

Apr 1, 2019
Bermuda, the US Virgin Islands and the United Arab Emirates are in the new updated list. EU finance ministers adopted on the 12th of March 2019 a new a revised...